PRESS RELEASE

ALLIED SECURITY INNOVATIONS ANNOUNCES DEBT RESTRUCTURE and Reduction

FARMINGDALE,
NJ –
Allied Security Innovations (OTCBB “ADSV”) owner of CGM-AST, a leading
manufacturer of tamper-evident security products, announced a restructuring of
their debt.

“Our balance
sheet is markedly improved”, stated Anthony Shupin, CEO. “We are pleased with
the cooperation of our investors to accomplish this. Restructuring the debt in
this manner allows a truer picture of the viability of our company to our
shareholders.”

“The amount of
our long term convertible debentures will be decreased by approximately eight
million dollars ($8,000,000.00) explains Michael Pellegrino, CFO. “We believe
this significant reduction, more properly reflects the capitalization and
financial position of the Company.”

For more
information on how Allied Security Innovations tamper-evident products may be
incorporated into security systems, call 800-899-2246 or International please
contact Gina Levinson +732.751-1044.

About Allied
Security Innovations, Inc.

The company,
based in Farmingdale, NJ, develops and markets integrated enterprise-wide image
applications specifically designed for criminal justice
organizations. Customers include states, cities, counties, corrections, justice,
and public safety agencies. Additional information is available online, at
www.ddsi-cpc.com.

Its subsidiary, CGM Applied Security Technologies, Inc., with
locations in Farmingdale, NJ and a factory in Staten Island, NY, is a leading
manufacturer and distributor of Homeland Security products, including indicative
and barrier security seals, security tapes and related packaging security
systems, protective security products for palletized cargo, physical security
systems for tractors, trailers and containers, as well as a number of highly
specialized authentication products. Additional information is available online,
at
www.cgm-ast.com.

Safe Harbor
Statement:

Safe Harbor Statement Under the
Private Securities Litigation Act of 1995 - With the exception of historical
information, the matters discussed in this press release are forward-looking
statements that involve a number of risks and uncertainties. The actual future
results of the Company could differ significantly from those statements. Factors
that could cause actual results to differ materially include risks and
uncertainties such as the inability to finance the company’s operations or
expansion, inability to hire and retain qualified personnel, changes in the
general economic climate, including rising interest rate and unanticipated
events such as terrorist activities. In some cases, you can identify
forward-looking statements by terminology such as "may," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or
"continue," the negative of such terms, or other comparable terminology. These
statements are only predictions. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, such statements
should not be regarded as a representation by the Company, or any other person,
that such forward-looking statements will be achieved. We undertake no duty to
update any of the forward-looking statements, whether as a result of new
information, future events or otherwise. In light of the foregoing, readers are
cautioned not to place undue reliance on such forward-looking statements. For
further risk factors associated with our Company, review our SEC filings.